User: Guest  Login
Document type:
Zeitschriftenaufsatz 
Author(s):
Löhndorf, N.; Wozabal, D.; Minner, S. 
Non-TUM Co-author(s):
ja 
Cooperation:
international 
Title:
Optimizing Trading Decisions for Hydro Storage Systems using Approximate Dual Dynamic Programming 
Abstract:
We propose a new approach to optimize operations of hydro storage systems with multiple connected reservoirs whose operators participate in wholesale electricity markets. Our formulation integrates short-term intraday with long-term interday decisions. The intraday problem considers bidding decisions as well as storage operation during the day and is formulated as a stochastic program. The interday problem is modeled as a Markov decision process of managing storage operation over time, for which...    »
 
Keywords:
OR in energy; stochastic programming; Markov decision processes; approximate dynamic programming 
Intellectual Contribution:
Discipline-based Research 
Journal title:
Operations Research 
Journal listet in FT50 ranking:
Operations Research 
Year:
2013 
Journal volume:
61 
Journal issue:
Pages contribution:
810-823 
Covered by:
Scopus; Web of Science 
Language:
en 
Fulltext / DOI:
Status:
Erstveröffentlichung 
Date of publication:
22.08.2013 
Key publication:
Ja 
Peer reviewed:
Ja 
International:
Ja 
Book review:
Nein 
Commissioned:
not commissioned 
Professional Journal:
Nein 
Interdisciplinarity:
Ja 
Mission statement:
Energy, Climate, Environment 
Ethics and Sustainability:
Ja